1217 E Ohio St

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1217 E Ohio St

Indianapolis, IN 46202
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for acquisition in Indianapolis.
  • Located at 1217 E Ohio St within the 46202 zip code.
  • Positioned in a central urban market with consistent residential demand.
  • Property offers potential for long-term residential leasing investment strategies.
  • Well-connected site with access to the regional Indianapolis economy.

What's Special

This multifamily apartment building at 1217 E Ohio St is available for sale, offering a functional investment opportunity for those seeking residential assets in the Indianapolis market. Situated in a central urban neighborhood, the property benefits from the steady demand characteristic of the city's growing rental sector, which attracts a diverse resident base supported by local educational and healthcare institutions. The location provides connectivity to the broader downtown district, making it a viable option for investors looking to expand their portfolio within the state capital. Given its multifamily designation, the asset is suitable for entities focused on long-term residential leasing strategies or value-add repositioning. Its placement within the 46202 zip code aligns with current urban development trends, appealing to tenants who prioritize proximity to regional employers and city amenities. The building serves as a stable entry point or addition for market participants monitoring the regional housing landscape in Indiana.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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